find revenue & gross profit for 2020-2022:

upon completion

percentage of completion

Vernon Dudley Company began work on constructing a new cupboard under the stairs on January 1, 2020. The project is to be completed by December 31, 2022, for a fixed price of $204,000. Estimated remaining costs to complete the Years Actual costs incurred in each year project measured at Dec. 31 of each year) $ 51,000 $119,000 $108,375 $ 53,125 2022 $ 51,000 2020 2021 0 What amount of revenue and gross profit (or loss) would Vernon Dudley record on this project in each year, assuming that Vernon Dudley recognizes revenue for this project upon completion of the project? (Enter losses as negative numbers.) What amount of revenue and gross profit (or loss) would Vernon Dudley record on this project in each year, assuming that Vernon Dudley recognizes revenue for this project over time according to the percentage completion? (Enter losses as negative numbers.) Upon Percentage of Completion Completion What amount of revenue and gross profit (or loss) would Vernon Dudley record on this project in each year, assuming that Vernon Dudley recognizes revenue for this project upon completion of the project? (Enter losses as negative numbers.) Completed Contract Revenue Gross Profit (Loss) 2020 Year 2021 2022 Upon Completion Percentage of Completion >